Bankruptcy can be avoided if you heed these simple tips.
Having to declare bankruptcy is a scary proposition for many. And while no one ever wants to find themselves in a situation where theres no other alternative, sometimes lifes events simply make it inescapable.
Unfortunately, small business owners make up a high percentage of those who end up filing for bankruptcy or personal insolvency in Canberra. Poor cash flow, bad budgeting, unexpected events, illness, and excessive spending can all contribute to a financial downfall that leaves the business owner(s) struggling to make ends meet.
Luckily, there are certain measures you can take to prevent the likelihood of financial distress.
Here are four important tips that could save y…
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